Introducing Liquid Payroll

Like everything else on Liquid, our new integrated payroll module is designed to save time and money and make it easier to run your business, or work with your clients (if you’re an accountant or bookkeeper).

Liquid’s MD, Matt Holmes said, ‘We’ve actually been using Liquid Payroll ourselves for 4 years, and it’s been used by some our larger bespoke clients for some time. With more users asking for an online payroll we felt that it was the right time to release a version for SME’s. It fits in with our ethos of creating software that can grow with your business.

‘As well as being fully integrated with Liquid Accounts, it allows you to file your payroll online and email payslips. The big advantage of using cloud/online payroll is that (as well as it being fully integrated with your accounts so that all payroll payments and deductions are automatically recorded), whenever the rules and regulations change, your software is automatically updated to reflect that.’

Nicola Lightowlers, from Huddersfield-based accountants, Revell Ward LLP said, “I have used Liquid Payroll since December 2010 and I think it is an innovative addition to the software that is very user friendly. On the odd occasion’s when I have needed payroll support the service has been excellent.”

The key benefits are:

It works out your payroll payments for you, and posts them direct into your accounts (and you can set up the nominal codes and choose where you want each payment to be posted)

You can re-run the payroll if you make a mistake (a feature that isn’t available on other standard payroll systems)

You can email payslips to your employees using our new one-click email system

You can upload the payments direct to your bank account for BACS payment (or generate a report and enter the payments manually)

You can generate all your end of year returns and file them direct with HMRC online

As with your accounts, whenever they’re a tax or regulation change your payroll will be automatically updated for you, and you will always be on the latest version and up-to-date

Liquid’s payroll comes with a set-up wizard to make sure you’ve entered in all the correct information and set everything up properly before you start. This includes:

tax year,

tax reference,

tax office name,

nominals – choose where and how you want to record people’s pay in your accounts,

employee details

frequency and type of payments

pay amounts

deductions

Once this has been done you can simply click ‘Update’ in the Payroll menu and fill in the date, type of payment and select who needs to be paid, whenever you need to do a payroll run.

However, as usual Liquid’s payroll comes with a choice of advanced functionality (designed for some of our bigger clients) that allows you to tailor the module to work for you and your company. These include:

a computerised version of the HMRC Yellow Book summarising all your payments month by month

bulk amend and reset facilities

a pay summary that can be emailed to contractors and workers who are paid by you and tax is deducted, but they are not employees (for example, if you run a CIS scheme)

the ability to pay people at different times and over different periods

employee count (used by auditors for year end accounts)

use with job costing or departmental analysis

payroll analysis (which allows payroll to be processed without the employee details being shown)

a schedule showing how the net amounts have been calculated from the gross minus deductions

Prices start from £10 per month for up to 5 employees. For further details and to book a demo, please contact sales@liquidaccounts.net, 0845 450 7304

Sign up for a free trial today and see how our cloud accounting software can benefit your business.

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About Liquid Accounts

Liquid is one of the originators of Cloud Accounting in the UK. The multi award winning Liquid Accounts is a leader in online accounting software for businesses, bookkeepers and accountants. No other company offers the range of functionality supported by an easy to use application. Liquid uses this highly tried and trusted platform to build upon and create a highly customised solution tailored to your exact needs.